Cloudflare reports Q1 adjusted EPS 16c, consensus 16c

Reports Q1 revenue $479.1M, consensus $469.7M. “We kicked off 2025 with confidence, momentum, and strong results. In Q1, we landed the largest contract in Cloudflare’s (NET) history, a more than $100 million deal driven by our Workers developer platform, and signed the longest-term SASE contract to date,” said Matthew Prince, co-founder & CEO of Cloudflare. “We have the scale, the technology, and the team to capture the massive opportunity ahead of us-as evidenced by the size and the length of the deals we’re closing and the caliber of customers betting on Cloudflare. In a constantly changing world, one thing’s for certain: innovation wins. From networking, to security, to AI, Cloudflare is the envy of the industry for innovation, and there’s no slowing down.”